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A bank question.


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Lucky you. The BACS system normally takes 3 working days as described in the wikipedia article.

 

The new FPS service which a lot of banks have now implemented takes <1 day, I quite often see payments processed in <4 hours if both sides of the transaction are using FPS.

 

What's the FPS?

 

I used to have a problem with one firm who always said they had paid my wages in on the Thursday but sometimes it wouldn't go in my bank till the following Wednesday.

I have no idea what they did to rectify it but a couple of weeks of me not turning up for work until I had been paid seemed to sort it out.

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